Setup Menus in Admin Panel

Sharing the Knowledge!™

Finance Knowledge and Information

What does drop-dead date mean?

SEARCHING
Suggestion/Report Error
drop-dead date
Noun


1. The date specified in a commitment letter on which the commitment will terminate if a particular condition has not been satisfied or, in acquisition finance, if the bridge loans or certain funds have not funded.
2. The date by which a lease transaction must close, with all documents executed, all equipment delivered and accepted, all funding provided and all other aspects of the transaction completed, failing which the lessor’s commitment is automatically cancelled and the transaction process is terminated.

top
© 2015-2021 Pecunica LLC.  All rights reserved.
;